The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company. Source link
Ripple enters the stablecoin market with a USD-pegged token. Backed by USD deposits, treasuries, and audits, Ripple’s stablecoin targets institutional adoption. The new stablecoin will initially be issued on Ethereum and XRP Ledger. Ripple, the […]
The funds’ high yield targets are partly a function of its on-chain structure, he explained. Doing everything on a blockchain cuts as much as 150 basis points in fees that would otherwise go to administrative […]
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Galaxy Digital’s venture team has long invested its own money in crypto companies. Now, it’s planning to do that with outside investors’ capital, too. The investments giant is putting together a $100 million fund that […]
Meme coins, fueled by online communities and social media hype, have outshone all other crypto sectors in Q1 2024, according to CoinGecko’s latest report. CoinGecko, one of the leading crypto market data providers, released a […]
Victims were lured to download the apps with promises of high returns from investing in crypto and other products, which the lawsuit described as “illusory.” When victims attempted to withdraw their balances, they would be […]
The matter was adjourned due to the Federal Inland Revenue Service (FIRS) not being able to serve Binance’s Head of Financial Crime Compliance Tigran Gambaryan the charges while he was in custody, the Punch reported. […]
Bitbot aims at becoming the top trading bot on Telegram. The project’s non-custodial feature has the crypto trading community excited ahead of its launch. The continued influx of new money via spot ETFs and Bitcoin’s […]
The crypto market is never short of activity, and currently, Wormhole, Ethena Labs, and Waves are the names taking the spotlight. Data from Santiment indicates that these altcoins are trending due to unique market activities. […]
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